Bloomberg If you’ve been paying attention to auction coverage recently, the outlook seems grim: The value of artworks on offer has plummeted, volume and totals are down significantly, and various news organizations (including this one) have sounded ominous warnings of an imminent market decline. But all of this is drawn from a tiny sliver of the art market. Bloomberg’s auction ...

Bloomberg For an industry that is losing money on almost every transaction, the world’s commodity shippers are remarkably busy grabbing any cargo they can get their hands on. From space, where satellites track ship movements, it all appears like the market is booming, data compiled by Bloomberg show. At giant iron-ore loading terminals in Brazil and Australia, millions of tons ...

Tokyo  / Bloomberg In a quest to reduce their reliance on one of the world’s least profitable banking markets, Japanese lenders are setting their sights on a much more lucrative one: Mexico. Mitsubishi UFJ Financial Group (MUFG) Inc. and Mizuho Financial Group Inc. are among so-called megabanks expanding in Mexico, riding the coattails of Japanese automakers that are building factories ...